Nifty50’s short-term trend is choppy. There is a possibility of rangebound trading in the short term, before the index sees an upside breakout. The immediate support is placed at 10,530 level

- Nagaraj Shetti Technical Research Analyst, HDFC Securities

07:25 PM

The market is holding on, as the near-term oscillators are still in the overbought zone. The index to show sideways momentum going ahead

- Arun Kumar, Market Strategist, Reliance Securities

06:05 PM

Nifty faced selling pressure, as it entered the hurdle zone of 10,645-10,710. The attempt to break out of the consolidation on the upside turned out to be futile and the index got dragged into the range where it was stuck for last few sessions. Nevertheless, the probability is still in favour of the bulls. For that, the index needs to break above the 10,645-10,710 range. On the flip side, multiple supports are present near the 10,440-10,400 range

- Gaurav Ratnaparkhi, Senior Technical Analyst, Sharekhan

05:46 PM

Nifty formed a small bearish candle near its hurdle zone and has been consolidating between 10,450 and 10,650 levels from last eight sessions. Now, it has to hold above 10,550 to witness an upward move towards 10,650 and then 10,750 levels, while on the downside support exists at 10,500 and then 10,450 levels

- Chandan Taparia, Technical & Derivative Analyst, MOFSL

05:34 PM

Nifty remains in an uptrend and currently is witnessing some consolidation in the range of 10350-10700. Fall in crude along with strengthening rupee are strong positives for the broader markets. Further momentum is expected on breach of 10700 on the higher side. Banking and Financial services have gained momentum in the recent past and are expected to outperform. Metal stocks are remain strong while Auto and Realty are witnessing bottom formation before upside momentum is triggered

- Sahaj Agrawal, Derivatives Analyst, Kotak Securities

05:27 PM

Nifty continues to consolidate in a range as it finds hard to breach upside resistance placed at 10650 zones. Despite a positive opening tracking global cues and yesterday sentimental boost with a rebound, Nifty saw a decline from higher levels as bears capitalized and ended the day within the previous day range. It is pure consolidation and there is not any indication for a directional move. A directional move can only be seen if we are able to close above 10650 with improved breadth. that will extend the gains to 10900 - 10950. Until then we may remain in a sideways range of 10650 - 10400

- Mustafa Nadeem, CEO, Epic Research

04:41 PM

Market was volatile despite fall in oil prices and appreciation in the rupee as concerns about domestic liquidity and weak global cues overrode sentiment. Oil prices will ease concerns on current account deficit. IT and pharma indices witnessed selling pressure due to the stronger rupee while stock specific buying on the basis of quarterly results and decline in oil prices supported midcaps to outperform

- Vinod Nair, Head of Research, Geojit Financial Services

04:29 PM

Stock markets traded on a benign note today as mixed macroeconomic cues precluded the emergence of a strong trend. Additionally, weak global markets put pressure on bourses. A fall in crude prices could augur well for the Indian economy considering that India imports a majority of its crude requirements. On the sectoral front, sharp selling was seen in IT and healthcare stocks, while buying interest was seen in PSU banking and FMCG stocks

During a presentation at CLSA’s 21st India Investor Conference, the broking firm talked about a 25-30 per cent probability of a weak coalition taking charge at the Centre. It also spoke of another 5-10 per cent probability of the Congress coming to power with a strong coalition, making 30-40 per cent the case for a non-BJP government in 2019.

5 stocks that hit fresh 52-week highs

Mahindra & Mahindra (M&M) on Wednesday reported a 26 per cent jump in net profit (M&M and MVML) at Rs 1,778.75 crore for the September quarter. Analysts in an ET NOW poll had estimated a profit of Rs 1,271 crore. The manufacturer of tractors and utility vehicles had reported Rs 1,410.86 crore profit in the year-ago period.

SpiceJet on Wednesday reported a net loss of Rs 389.40 crore for the September quarter on surge in fuel costs and forex losses. The airline had reported Rs 105.30 crore profit in the same quarter, a year ago. Total income rose 3.7 per cent to Rs 1,910.30 crore from Rs 1,842 crore in the corresponding quarter last year.

01:39 PM

Over next six months, bring the portfolio to a state of passivity: Shyam Sekhar

01:04 PM

Top 10 BSE gainers

Price as on 14 Nov, 2018 01:04 PM, Click on company names for their live prices.

October WPI inflation at 4-month high

Shares of Ashok Leyland dropped nearly 9 per cent on Wednesday after CEO and MD Vinod Dasari announced his decision to step down, citing personal reasons. The management also signalled a slowdown in demand.

The stock fell 8.86 per cent to hit a low of Rs 108.50 on the BSE.

12:01 PM

Mahesh Nandurkar, CLSA on what might & might not work in India's favour

Still worried about oil going up rather than going down

Political uncertainties may impact investor sentiments

Earnings downgrades still persist but bottom not far

India only large emerging market still trading above average

Valuations have moderated, but still on the higher side

Currency depreciation is still our favourite theme to play

11:38 AM

Liquidity crisis in NBFCs is not a systematic issue; only a few bad apples

Shares of Zee Entertainment fell 4 per cent on Wednesday after the Subhash Chandra-led promoters showed their keenness in selling or divesting up to 50 per cent of their equity stake in the company to a strategic partner.

The partner will pursue disruptive technological development and transform the business of Zee Entertainment into tech-media company, the company said in a filing.

11:37 AM

NCLAT approves UltraTech's bid for Binani Cement

The National Company Law Appellate Tribunal (NCLAT) Wednesday approved the revised bid of Aditya Birla group firm UltratTech Cement for debt-ridden Binani Cement.

A two-member bench of NCLAT, headed by Chairman Justice S J Mukhopadhaya, approved UltraTech's resolution plan and said that plan submitted by the rival Dalmia Bharat group firm Rajputana Properties was “discriminatory” against some financial creditors.

The ever-effecient Indian markets

OMC stocks gain up to 9% amid a slump in crude oil prices

Price as on 14 Nov, 2018 10:16 AM, Click on company names for their live prices.

10:14 AM

Sun Pharma declines over 4% on unexpected Q2 loss

Shares of Sun Pharma dipped over 4 per cent in early trade on Wednesday after the pharma major posted a consolidated loss of Rs 218.82 crore for the quarter ended September 30, on a one-time loss of Rs 1,214.38 crore with respect to Modafinil antitrust litigation.

The scrip was trading 4.31 per cent down at Rs 537.50 at around 10.00 am (IST), while the benchmark BSE Sensex was down 0.19 per cent at 35,078.18.

The consolidated total revenue for the company increased 4.32 per cent year-on-year to Rs 6,937.63 crore during the quarter under review.

Litigation woes impacted the performance of Sun Pharmaceutical Industries, the largest pharma company in the September quarter. Now, a surprise loss due to additional provisioning of Rs 1,214 crore towards settlement of antitrust litigation related to Modafinil drug is bound to irk Sun’s investors. The company had already accounted for Rs 974 crores in the preceding quarters.

09:39 AM

Most active stocks on NSE

Price as on 14 Nov, 2018 09:39 AM, Click on company names for their live prices.

Pre-open session: Sensex climbs over 100 pts; Nifty tops 10,600

Stocks to watch: Zee Ent, BPCL, JSPL and more

Singapore trading sets stage for positive start

Nifty futures on the Singapore Exchange were trading 36 points, or 0.34 per cent, higher at 10,641, indicating a positive start for the Nifty50.

08:53 AM

Tech view: Nifty forms Piercing Line candle

On Tuesday, the Nifty50 formed a ‘Piercing Line’ candle on the daily chart. Tuesday’s candle did indicate the formation of counterattack of bulls from the lows, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities. There could be display of strength, similar to the recent upside bounce from the 10,000 mark. The move was a positive indication for the market going forward, Shetti said.

Oil prices tepid after big slump

Oil markets remained on a weak footing on Wednesday after a 7 percent slump the previous session, with surging supply and expectations of faltering demand pressuring crude prices, Reuters reported. US WTI crude oil futures were at $55.66 per barrel, down 3 cents from their last settlement.

08:52 AM

US stocks ended lower

The Dow Jones Industrial Average index fell 100.69 points, or 0.4 per cent, to 25,286.49, the S&P500 index lost 4.04 points, or 0.15 per cent, to 2,722.18, and the Nasdaq Composite index added 0.01 point, or 0 per cent, to 7,200.88.

08:52 AM

Re ends 22 paise higher against dollar

The rupee on Tuesday recovered 22 paise to close at 72.67 against the US currency on easing crude oil prices and better-thanexpected macroeconomic data.

Ashok Leyland CEO & MD resigns

Ashok Leyland has announced the resignation of its CEO and MD Vinod Dasari, who spent 14 years steering the commercial vehicle manufacturer before deciding to quit for “personal reasons.

08:52 AM

Sebi tightens norms for rating agencies

The market regulator has tightened disclosure norms and rating standards for credit rating agencies(CRAs) following the IL&FS fiasco.The capital markets regulator has asked rating agencies to include a specific section on liquidity, highlighting parameters such as cash balances, access to unutilised credit lines and adequacy of cash flows for servicing maturing debt obligation in their ratings reports.

08:51 AM

Liquidity deficit highest since 2016

Indian lenders have continued to borrow in the midst of the worst liquidity crisis in the banking system in nearly 30 months to tide over the strong demand for funds during the festival season as loans also dried from NBFCs .The daily net borrowing was in the range of Rs 71,000 crore and Rs 1.4 lakh crore in the month since October 8 this year, Bloomberg data showed. The deficit has been the sharpest since between October 2015 and June 2016.